Newspaper of the Year
Ex-FUTA VC found dead in his store
Jonathan’s wife’s ex-security man killed
NEWS Page 59
NEWS
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•Indicted driver, security guard held
•Police begin probe of Abuja shooting
•Nigeria’s widest circulating newspaper
VOL. 10, NO. 3260 MONDAY, JUNE 29, 2015
•www.thenationonlineng.net
TR UTH IN DEFENCE OF FREEDOM TRUTH
Knocks for CBN forex policy
Why Buhari won’t appoint ministers ‘in the next two months’ P RESIDENT Muhammadu Buhari may not appoint ministers “in the next two months”, The Nation learnt at the weekend. Three factors may account for the delay. They are: •the President’s plan to clear the “rot” inherited from the Goodluck Jonathan administration; •the crisis in the National Assembly over the choice of principal officers; and
From Yusuf Alli, Abuja
•the need to reduce ministries and parastatals. But the reduction or merger of ministries or parastatals will, however, not lead to retrenchment of workers. A Presidency source, who had a confidential briefing with some journalists in Abu-
By Okwy Iroegbu-Chikezie
B
USINESSMEN have rejected the recently-announced Central Bank of Nigeria (CBN) foreign exchange (forex) policy. The Lagos Chamber of Commerce and Industry (LCCI) said the CBN approach to the management of the foreign exchange market, especially the directive on the exclusion of 41 products, was worrisome. LCCI President Remi Bello said yesterday that the directive, with its multidimensional implications, would result in major disruptions, dislocations and panic among investors. He said many of the products on the list of the 41 are in-
ja, said the mess Buhari inherited was “sickening”. The source said: “You cannot even begin to imagine the situation we have met on the ground. ”Almost everything is in a state of decay. There is absolutely no way the new government can hope to achieve anyContinued on page 4
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Continued on page 4
•President Buhari
•INSIDE: NDIC URGES TOUGHER SANCTIONS AGAINST ERRING BANK OFFICIALS P25
•Tourists and journalists take pictures of flowers placed at the site of a shooting in which 13 people were killed on the beach in front of the Riu Imperial Marhaba Hotel in Port el Kantaoui, Sousse, south of Tunis, Tunisia...yesterday. Right: Main suspect Amir Ben Hadj Hassine. STORY ON PAGE 56
PHOTO: AFP
Senate crisis: Oyegun’s fate shaky as APC caucus meets
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WILL THE CHIBOK GIRLS EVER RETURN?
Akande laments effect of disagreement on party’s unity
C
HIEF John Odigie-Oyegun’s political future is hanging in the balance. The All Progressives Congress (APC) chairman should step down, some forces within the party are pushing, ahead of tomorrow’s meeting of the National Caucus Committee. Odigie-Oyegun’s offence, sources said at the weekend, is his perceived failure to nip in the bud the National
From Bello Imam, Abuja
Assembly crisis that has shaken the party so much. Most of the APC governors, some members of the National Working Committee (NWC) and party elders are unhappy that Odigie-Oyegun allowed the “crisis to fester”. They alleged that his “slow pace” attitude emboldened Senate President
Bukola Saraki and House Speaker Yakubu Dogara to “negotiate” with Peoples Democratic Party (PDP) members. The delay in sending the list of APC nominees for principal offices in the Senate and the House of Representatives has fuelled the anger against Odigie-Oyegun. Party leaders are divided on whether to retain Odigie-Oyegun or dump
him. A source, who briefed some reporters in Abuja on the situation in the party and the backlash of the crisis in the National Assembly, said there was apprehension in APC that if the chairman remained in office, it might collapse. The source cited two instances where Odigie-Oyegun failed to be “deContinued on page 4
•NSE TO REVOKE 88 STOCKBROKERS’ LICENCES P26 BOKO HARAM KILLS 5 IN BORNO P58